Sunday, August 31, 2014

State-run Saudi Aramco has cut its September contract price for propane to $745 a tonne, down $35 from the Julylevel, an industry source said on Thursday. Butane prices for September 2014 were also cut to $785 a tonne, down $15 from Julylevel of $800. The prices provide a benchmark against which Middle East sales of liquefied petroleum gas (LPG) to Asia are priced. Following is a table of Saudi Aramco's contract prices of propane and butane per tonne in U.S. dollars. Product September 2014 - August 2014 Change Propane $745 $780 -35Butane $785 $800 -15Related:Saudi Arabia February CP PriceJapan Energy ReportSaudi Arabia Energy ReportIndia Energy ReportRussia Energy Report